Vancouver, British Columbia–(Newsfile Corp. – October 1, 2021) – Hypercharge Networks Corp. (the “Company“) is pleased to announce the closing of a non-brokered private placement through the issuance of 10,000,000 common shares of the Company (the “Shares“) at a price of $0.40 per Share (the “Offering“) for gross proceeds of $4,000,000.
In connection with the Offering, the Company paid finder’s fees of $18,900 in cash.
50% of the Shares issued under the private placement are subject to a hold period of two months and the remaining 50% of the Shares are subject to a hold period of 4 months and one day. Both hold periods are from the date the Company is listed for trading on a recognized stock exchange in Canada.
David Bibby, President & CEO commented, “This financing was well over-subscribed, and we are very encouraged by the public’s interest in our early stage Company.”
For further information, please contact " target="_blank" rel="noreferrer noopener"> or by phone at (888) 320-2633.
On behalf of the Board,
Hypercharge Networks Corp.
President & Chief Executive Officer
1008 Homer Street, Suite 310
Vancouver, BC V6B 2X1
Tel: (888) 320-2633
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